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An announcement from Perpetual Resources ( (AU:PEC) ) is now available.
Perpetual Resources Ltd has successfully raised $1.6 million through a placement to professional and sophisticated investors, indicating strong investor confidence in its Brazilian exploration projects. The funds will be used to advance exploration activities at the Igrejinha and Raptor projects, as well as other assets in Brazil’s Lithium Valley. The recent drilling at Igrejinha has shown promising results, including the discovery of high-grade spodumene and pollucite, positioning the project as a significant caesium exploration site. This capital raise supports Perpetual’s strategy to accelerate exploration and unlock further value for shareholders.
More about Perpetual Resources
Perpetual Resources Ltd is a company engaged in the exploration of lithium and caesium, with a focus on projects in Brazil. The company is involved in the mining industry, specifically targeting high-value minerals such as spodumene and pollucite, which are used in various industrial applications.
YTD Price Performance: 107.69%
Average Trading Volume: 2,175,782
Technical Sentiment Signal: Buy
Current Market Cap: A$23.58M
See more data about PEC stock on TipRanks’ Stock Analysis page.